Q: Hi 5i,
I have GIC's maturing end of this month and I am not looking to reinvest the funds in another set of GIC's.
Financial advisor at the bank is recommending I put the funds into ZBAL ETF. But this ETF has MER of 1.72% which I am not a fan of.
Would appreciate your thoughts on this ETF and potential alternatives that you could suggest with lower MER.
I have been investing in stocks for the past five years and I am still relatively young so I am ok with risk.
Thanks in advance.
Greg C.
I have GIC's maturing end of this month and I am not looking to reinvest the funds in another set of GIC's.
Financial advisor at the bank is recommending I put the funds into ZBAL ETF. But this ETF has MER of 1.72% which I am not a fan of.
Would appreciate your thoughts on this ETF and potential alternatives that you could suggest with lower MER.
I have been investing in stocks for the past five years and I am still relatively young so I am ok with risk.
Thanks in advance.
Greg C.
5i Research Answer:
We show the MER for ZBAL as 0.2%. This might be a DIY vs advisor cannel difference though. ZBAL...